#FEDEX GROUND TRACKING BLUE DESIGNS FULL#
#FEDEX GROUND TRACKING BLUE DESIGNS DOWNLOAD#

Individuals may view the presentation and download the materials presented during the meeting. The DRIVE Investor Event will be webcast from the company’s website at beginning at 8:30 a.m. This change is designed to further align management compensation with stockholder value, with ROIC being a key metric by which to measure the long-term success of FedEx. The Company also announced that its cash-based long-term incentive (LTI) plan for fiscal 2024 through fiscal 2026 will include a Return on Invested Capital (ROIC) performance metric that will replace the capital expenditures as percentage of revenue performance metric used in recent LTI plans. The dividend is payable Jto stockholders of record at the close of business on June 12, 2023.

The Board today declared a quarterly cash dividend of $1.26 per share of FedEx common stock. The FedEx Board of Directors approved an increase in the annual dividend rate on its common stock of 10%, or $0.44 per share, to $5.04 per share for fiscal 2024. $1.3 billion in Air Network & InternationalĭRIVE is also enabling the implementation of Network 2.0, which is expected to generate an incremental $2 billion of savings in fiscal 2027.įedEx continues to project costs of up to $2 billion by the end of fiscal 2025 to implement its business optimization initiatives including the DRIVE and Network 2.0 programs.

FedEx expects DRIVE to generate $4.0 billion of permanent cost reductions in fiscal 2025.Įach area is expected to generate savings in fiscal 2025 as follows: The DRIVE transformation spans 14 domains across four major areas: Customer, Surface Network, Air Network & International, and General and Administrative (G&A). During the transition period leading up to June 2024, there will be no change in financial reporting segments.Īdditional updates from the DRIVE Investor Event: Smith will serve as President and CEO, Airline and International at FedEx Express, overseeing all other regions and FedEx Logistics. and Canada Ground Operations at FedEx Express and assume leadership of surface operations across the FedEx Express, FedEx Ground, and FedEx Freight businesses. Smith will become President and CEO of U.S. To aid in this smooth transition, effective April 16, 2023, John A. “This combination will allow us to provide customers with even greater value, offering the most advanced data-driven insights to help them make smarter decisions for their business.” “We are building a simplified experience for our customers, who are at the center of everything we do, so they can adapt to the market,” continued Subramaniam. In addition, the unified organization will bring distinct focus on the air network and international volume, as well as a more holistic approach to operations on the ground utilizing both FedEx employees and contracted service providers. This new structure will help facilitate the company’s DRIVE transformation, including Network 2.0, the multi-year effort to improve the efficiency with which FedEx picks up, transports, and delivers packages in the U.S. As one FedEx team, we are well positioned to execute on our mission to help customers compete and win with the world’s smartest logistics network.”

“This organizational evolution reflects how we represent ourselves in the marketplace – focused on flexibility, efficiency, and intelligence. “Over the last 50 years, we built networks that have created a differentiated and unmatched portfolio of services,” said Raj Subramaniam, president and CEO, FedEx Corporation. Raj Subramaniam will serve as President and CEO of the combined organization. FedEx Freight will continue to provide less-than-truckload freight transportation services as a stand-alone company under Federal Express Corporation.

#FEDEX GROUND TRACKING BLUE DESIGNS FULL#

This phased transition, with full implementation expected in June 2024, will ultimately bring FedEx Express, FedEx Ground, FedEx Services, and other FedEx operating companies into Federal Express Corporation, becoming a single company operating a unified, fully integrated air-ground network under the respected FedEx brand.

Policy on limitation of severance benefits.

Policy on recoupment of incentive compensation for fraud or willful misconduct.

Policy on recoupment of incentive compensation.

Fedex ground tracking blue designs